Tech

EMC to announce deal for Isilon: N.Y. Post

RobertDaniel

Corrects ticker symbol for Isilon.

TEL AVIV (MarketWatch) -- Isilon Systems Inc.
ISLN, +1.09%
shares were up 18% in the premarket on Monday. The New York Post reported late on Sunday that EMC Corp. could announce as early as Monday that it has agreed to acquire Isilon, the Seattle provider of storage systems for file-based data like video, audio, digital images and more. The Post had reported on Oct. 18 that Isilon and EMC,
EMC, -3.17%
the Hopkinton, Mass., IT-infrastructure provider were in talks. Isilon shares closed Friday at $26.29, pegging its market capitalization at $1.75 billion.

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